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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
The Delhi High Court in a ruling stated that an assessment order issued in the name of the non-existent entity, following an amalgamation could not be cured u/s 292B of the Income Tax Act, 1961. The same matter comprised of the writ petitions where the applicants contested the assessment validity and reassessment actions opted against […]
The Gujarat High Court has quashed the orders that have authorized the tax demands on the cotton seed oil cakes supply to traders. The applicant, a partnership firm that is involved in extracting the cotton seed oil cakes from the cotton seeds and supplying them to the customer, approached the court post its claim that […]
The Orissa High Court case ruled that the Goods and Service Tax ( GST ) does not apply to electricity transmission and distribution charges. The writ petition is postponed since die that awaits the adjudication by the Apex court on the special leave petition that is due in the mentioned court, inter alia, against Torrent […]
The Directorate General of GST Intelligence (DGGI) discovered the insurance companies breaching GST rules. Anil Kumar Gupta Principal DG of DGGI, cited that these companies have not been paying GST on services furnished before the employees in SEZ (Special Economic Zone) units. He cited that the same services does not get a GST exemption. It […]
GST Network mentioned the monthly returns data for July and August 2017, the start of the Goods and Services tax incorporation has been restored on the portal. The GSTN mentioned that it is executing its data policy, under which the data for the assessments would be retained for 7 years. Therefore the GST returns data […]
The Madras High Court has condoned the delay in a GST case that comprises of mismatch in Input Tax Credit ( ITC ) in GSTR 3B and GSTR 2A. On the foundation that the delay was beyond the condonable period, the appeal was rejected An order was contested by the appeal on July 12, 2024, […]
As per the senior government official, the Union Ministry of Finance is in a position to develop a process to validate the bogus Input tax credit (ITC). Towards the identical objective, the Central Board of Indirect Taxes and Customs (CBIC) and the Goods and Services Tax Network (GSTN) are collaborating to develop an ITC ledger. […]
GST Network mentioned show cause notices and assessment orders that have been issued via the tax officer on the GST portal do not secure the digital signatures of the tax officers however this information is stored in the backend. GSTN in a recommendation to the taxpayers mentioned the validity of the document and who and […]
The Patna High Court, the demand order u/s 73(10) of the GST ( Goods and Services Tax ) Act should be issued within 3 years from the filing date of the annual return and not the extended due date. The bench of Chief Justice K. Vinod Chandran and Partha Sarthy carried that the extension given […]